How much does a Motel 6 franchise cost?
- Initial Franchise Fee: $25,000
- Total Investment: $2,389,600 to $3,454,000
- Working Capital: $55,000 to $70,000
- Royalty Fee: 5.0%
How many Motel 6 franchises are there in the US?
Motel 6 also provides franchising opportunities. As of 2018, the company owns and operates 882 franchises in the United States and 26 ones outside the country. How much does Motel 6 franchise cost? Motel 6 has the franchise fee of up to $35,000, with total initial investment range of $2,617,700 - $3,868,600.
What are the top 10 hotel and motel franchises?
Top 10 Hotel & Motel Franchises 1 Marriott International, Inc. 2 InterContinental Hotels 3 Wyndham Hotel Group 4 Choice Hotels 5 Hilton Hotels 6 Holiday Inn and Holiday Inn Express 7 Red Roof Inn 8 Motel 6 9 Baymont by Wyndham 10 Red Lion Hotels
Does Motel 6 give military discounts on Veterans Day?
Motel 6 Offers Exclusive $6 Room Rates To Active, Retired Military On Veterans Day Weekend. Motel 6 introduced a new program that allows active and retired U.S. military personnel in select markets to reserve a $6 one-night room rate valid Monday, Nov. 11, in honor of Veterans Day.
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Overview
The capital required to open a unit is $100,000. The franchise expects its new franchisees to have a net worth of at least $150,000. Motel 6 franchisees pay a royalty of 5% back to the franchisor. $222,550 is the minimum that Motel 6 expects its owners will need to invest in a new location.
Related
Motel 6 is listed in the Franchise Directory under the Real Estate category. It's also listed in the section for Franchises Under $150,000 .
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
The History of Motel 6
The concept of Motel 6 was born in 1962. It was the brainchild of Paul Greene and William Becker, who were business partners with a dream to construct a new budget motel chain. The name came from the per night rate they had settled on for guest stays: $6. They knew that that $6 would cover the most basic costs of running the motel.
Franchising with Motel 6
The road to Motel 6 begins like most other franchise opportunities. The interested party submits an inquiry form to the franchisor outlining some basic information about them. The franchisor then contacts the applicant to have a brief conversation over the phone wherein some deeper information is exchanged.
Motel 6 and Their Processes for Franchising
The applicants that are chosen to become franchisees will be welcomed to the team and introduced to the wide world of benefits that accompany a Motel 6 franchise license. But first, they must pay the price.
Making It with Motel 6
Motel 6 is a budget hotel powerhouse. They have over 50 years of experience in the industry and are the pioneer for affordable lodging. Their business model has served them and their franchisees well over the years and will continue to do so for as long as their leadership remains vigilant.
What is a motel 6?
Motel 6 Franchise is one of the most affordable Motels in continental North American. It has a well-rounded brand-name recall factor for its rooms, service, and price.
How many nights does Motel 6 last?
Motel 6 is now available in all states in the US, except Hawaii. It is now averaging around 15 to 16 million stay per year with an average length of stay at 2 nights.
How much will the total cost range?
The franchising fee is very affordable, only $25,000 with royalty fees of only 4 percent gross per room revenue. A 63 unit Motel 6 prototype building will sit in a one and half acre lot and a 112 unit Motel 6 prototype building will need around two acres of land. You do the math.
Is Motel 6 pet friendly?
Pet friendly--this is how customers of Motel 6 describe the franchise as it allows guests to have their pets brought into their rooms.
